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Buxton Resources Ltd.
Summary
| Project: | Double Magic | |
|---|---|---|
| Deposit: | Merlin | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 5/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-5-2018: Buxton Resources Ltd. announces an Exploration/Drilling Update report for its Merlin deposit at the Double Magic project. Old drillholes, new assays results incl. 0.1m @ 5.62% Ni, 0.21% Cu, 0.15% Co from 318.41m. Buxton Resources Limited (ASX:B | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Derek Marshall, Eamon Hannon (Internal) | |
| ABSTRACT: | Buxton Resources Limited (ASX:BUX) is pleased to provide an update for its 100% owned nickel-copper-cobalt projects (including flagship Merlin prospect, Double Magic Project) in the West Kimberley region of Western Australia (see Figure 4 at the end of this document for locations). A definitive end to the 2017/18 Wet season has enabled light vehicle access to Merlin seven weeks earlier than in 2017. The MLTEM field crew arrived on-site late last week, with data acquisition now well underway. The gravity survey crew will arrive in the next few days. With the majority of the geophysical programs undertaken so far at Merlin being on hilly/outcropping geology, these surveys are the first on ground geophysical surveys where the highly prospective geology is under shallow cover. Flatter topography enables the first use of MLTEM at Merlin. This is also the first ground gravity survey on Buxton’s tenure in the region. Finalised survey results are expected mid-June, by which time heavy truck/drill rig access to site should be possible. Drilling will then commence, initially following up on the game-changing intersection of primary brecciated massive sulphide in the last hole of 2017 (DMDD0014, ASX 1/11/17). See Figure 1 below for a view of that breccia in sawn half-core. | |
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